Private sector rents increased across most parts of England and Wales between February and March, according to the latest Goodlord rental index.
Monthly rents increased from February to March in six of the eight regions Goodlord monitors across England and Wales, with decreases only in the West Midlands and East Midlands.
The data from PropTech company shows wide regional variations.
According to the index, the average rent in each region stands at:
London - £1,651pcm
South East - £984pcm
South West - £902pcm
East Midlands - £820pcm
North West - £761pcm
Wales - £749pcm
West Midlands - £673pcm
North East - £645pcm
The data also shows that landlords in London had the shortest void periods, at an average of just 13 days - while the capital also had the longest fixed term tenancies, at 14 months; this was a full three months longer than in the South East, which was region with the second longest tenancies.
Void periods continue to be longest in the West Midlands, with an average of 33 days
Tenants’ average monthly incomes have increased in five of the eight regions monitored, with the most significant increase in the South East.
Tenants’ average monthly incomes declined in the North West and Wales, with no change in the West Midlands.